Bank of Japan Pick Kuroda Pledges Action to Beat Deflation

By

Takashi Nakamichi and

Tatsuo Ito

March 3, 2013 10:41 p.m. ET

TOKYO—The Japanese government's pick for the next Bank of Japan governor on Monday said he would do "everything possible" to beat deflation, in a stark turnaround from his predecessors that signals the bank may be headed for a big, new wave of monetary easing.

Haruhiko Kuroda, who was tapped last week to take the top BOJ post, blasted the central bank for not having done enough so far to reverse 15 years of price falls, and...